IPO

There is increasing evidence that Spotify is readying themselves for an IPO. A new report notes the streaming music service is lining up financial backing, which is usually a precursor to going public. Banks will underwrite a company’s IPO, and Spotify is said to be in discussions with several major financial houses.

King, makers of Candy Crush Saga, have their eyes on an IPO. Filed today, King is set to go public once the due diligence is done. Some feel the game studio is eyeing a multi-billion dollar valuation. Others feel that’s madness.

Box, the cloud storage provider, has filed IPO papers, sources claim. If true, this places them ahead of Dropbox as a publicly traded company. Both are expected to go public at some point in time. Should Box actually be first, it gives them a crucial pillar to success in the competitive cloud storage space.